China Sports Technology (603679) Company’s In-depth Study: Gold Rush 5G New Infrastructure Smart Street Light Trying to Pry 100 Billion New Markets

China Sports Technology (603679) Company’s In-depth Study: Gold Rush 5G New Infrastructure Smart Street Light Trying to Pry 100 Billion New Markets

From the regional leader to the national leader, the 5G era has leveraged the 100 billion smart street light market companies to become the leading urban lighting in the western region. Through the entire industrial chain service solutions from lighting solution design, product development and manufacturing, project engineering installation and later operation management and maintenance, etc.Provide capabilities.

The company’s leading design, research and development, and perfect industrial chain layout are rapidly expanding into regional markets nationwide and will continue to improve in the future.

At the same time, 5G new infrastructure will open up hundreds of billions of new markets for smart street lights. The company has an early layout of smart street lights and a full range of products. It actively cooperates with Huawei, towers and other equipment vendors and operators to take the lead 武汉桑拿 in enjoying industry dividends.

Continue to benefit from the prosperity of the city’s lighting industry, with the expected expansion from the west to the whole country, and urbanization continues to advance (urbanization replaces 59 every year in 2018).

6%, continuing contradiction with expectations) + energy saving and environmental protection replacement (green energy saving lighting replacing traditional lighting trend is still continuing) + landscape lighting (night travel economic demand, lighting projects, etc.) to drive the industry’s continued prosperity; substitution, company design, research and developmentThe advantages of product types and the layout of the entire industrial chain are prominent, and the market is expanding rapidly from within Sichuan to outside the province. The market share of urban lighting business will continue to increase in the future, driving the company’s urban lighting business to continue to grow rapidly.

5G new infrastructure opens up hundreds of billions of new markets for smart street lights. From product to operation, it opens up huge growth space for the company. Regardless of height, spacing, power supply, security and management, smart light poles are natural carriers for 5G micro substrates.The ultra-dense networking of 5G micro-stations will drive the demand for massive smart light poles. Smart street lights are the direct beneficiaries of the 5G new infrastructure wave.

We estimate that the average smart light pole market space is 151.2 billion.

More importantly, smart street lights will bring a greater breakthrough to the industry in the business model.

Due to this important feature of smart street light collection data, this means that street lights are no longer a one-time engineering project, street lights will become a city’s data entrance, and the value of data generated by operations will become increasingly prominent, opening up a widermarket.

The company has laid out smart street lights early. It has developed 11 different categories of smart street lights, such as the window of the city, which can fully support 13 functions of smart street lights. Therefore, it can install itself according to needs.

The company has joined Huawei’s eLTE ecosystem and has cooperated with companies such as Tower and Inspur Software to jointly promote the construction of 5G Internet of Things wisdom.

The first smart street light operation project was responsible for Huati Technology. It is expected that most of its charging methods will be found by users, which is more operational.

Based on our estimates, we expect the internal income of the entire project to increase by 9%.

11%, with a payback period of approximately 8.

In 52 years, the operation model that is expected to become a smart street lamp has been rolled out across the country.

Investment suggestion: As a leading company in this segment of the field of road lighting engineering, the company has outstanding design capabilities and R & D advantages, benefiting from the industry boom and rapid expansion nationwide, and the traditional main industry promotes stable and rapid growth.

In addition, the company has actively promoted the field of smart street light engineering. Through the acceleration of 5G commercialization, the company has significantly benefited from the smart street light products and project operations.

The company’s 2018-2020 net profit is expected to be zero.

74/1.

52/2.

1.7 billion, corresponding to PE of 24 times and 17 times in 19-20 years, maintain “Buy” rating.

Risk Warning: The expected investment growth is faster than expected in the downlink, the smart street light project and 5G landing are not up to expectations, and the framework agreement is converted into a contract.

Zhou Dasheng (002867): Steady growth in performance of leading gold and jewelry companies

Zhou Dasheng (002867): Steady growth in performance of leading gold and jewelry companies

The company is a leader in the gold jewellery industry and has a strong overall competitiveness. For the first time, it has been assigned a “buy” 夜来香体验网 rating. Zhou Dasheng is a leader in the domestic gold jewellery industry.The compound growth rate of revenue and net profit was 15 respectively.

0% / 19.

3%.

The demand for the gold and jewelry industry has grown steadily, and the growth dividends of low-tier cities have increased. At present, the trend of increasing industry concentration has emerged, and as a result, the company’s operating performance has been significantly different from that of other companies.

As the industry leader, the company’s brand effect and franchise operation ability will be enhanced. It will benefit from the increasing trend of industry concentration. The extension space is still broad. We expect the company’s EPS to be 1 in 2019-2021.

36/1.

62/1.

87 yuan, for the first time we cover the company to give a “buy” rating.

  Domestic economic growth and consumption upgrade drive steady growth of gold jewellery consumption The size of the gold jewellery market is mainly driven by consumer demand and investment demand. For a long time, the industry’s investment demand has weakened. In the long run, industry growth is mainly driven by consumer demand.

In addition, consumption upgrades and replacement products will increase the size of space for prime products.

According to the statistics of the China Jewellery & Jade Jewelry Industry Association, the size of the jewellery consumer market in 2018 reached 820 billion, with an increase of 7.

5%, and it is expected that the industry market size will still maintain a growth of about 8% in 2019-2021.

We believe that if the subsequent high gold price stabilizes or the growth trend is further confirmed, the investment attributes of gold products will begin to appear, and the growth of the industry volume will promote improvement.

  The gold jewellery industry is clearly differentiated, and there is at least room for improvement in the concentration of overseas and domestic benchmarks. According to Euromonitor data, China ‘s gold jewellery industry has a CR3 of about 15% in 2018. The industry concentration is much lower than the mature Hong Kong market in China.gap.

And from the perspective of the operating conditions of various companies in the industry, the performance growth is clearly differentiated, and the revenue and performance growth of leading brands are significantly faster than those of small and medium brands. We believe that after industry integration and market competition, the domestic gold and jewelry industry will be cleared out quickly, with superior market resources.Constantly lean towards leading brands.

  The company’s brand and channel competitiveness is strong, the store is rapidly expanding. The company features “scenario-style jewellery” and builds brand awareness among consumers. According to Euromonitor data, the company’s market share reached 5 in 2018.

5%, ranking among the top three in the country.

The company’s merger and franchise model opened quickly across the country. The number of stores in Q3 2019 has reached 成都桑拿网 3787, leading the country. From 2014 to 2018, the number of company stores has maintained a compound annual growth rate of 12%, and it is still expanding rapidly.Bring into play the effect of store marketing and establish competition barriers nationwide.

The company focuses on brand operations, expands production and sales, and makes full use of the advantages of the asset-light model. The ROE level remains above 20%.

  The company’s performance has continued to grow steadily. For the first time, it has given a “buy” rating, and has maintained steady growth in internal macroeconomics and consumption upgrades in low-tier markets, as well as increasing the concentration of the industry. The company continues to maintain a rapid pace of store expansion and achieve sustained growth in performance.
We estimate that the company’s net profit attributable to its parent for 2019-2021 will be 9.

92/11.

82/13.

6.5 billion.

The reference industry averages 18 in 2020.

1x price-earnings ratio, considering that the company’s asset-light model is the main factor, the gold inventory is reduced, and the profit end and the estimated elasticity affected by the gold price are relatively small, giving the company a 14-16 times PE estimate in 2020, corresponding to a target price of 22.

68-25.

92 yuan, covering the company with a “buy” rating for the first time.

  Risk warning: the macro economy is accelerating downward; the price of gold fluctuates sharply; the international brand channels sink.

Mu Linsen (002745) quick review of major events: Fengqi Indus fly

Mu Linsen (002745) quick review of major events: Fengqi Indus fly

Matters: 1. Announcement announced by the company’s announcement; 2. Responding to the “Announcement on the Feedback of the First Review of the Administrative Licensing Project of the China Securities Regulatory Commission” regarding convertible bonds issued by the company (second time) Guoxin Electronic Viewpoint: The company proposes to publish local industriesFund investment holding subsidiaries and convertible bond projects can help the company further optimize the debt structure and reduce debt ratios and financial costs, which has a positive effect on the company’s fundamental improvement.

At the same time, an industrial fund with a state-owned background was launched to invest in Mulin Sen’s subsidiaries, showing trust and confidence in Mulin Sen.

Investment suggestion: After integrating LEDVANCE, Mulinsen, as the IDM integration leader of China’s LED industry chain, is expected to have a net profit of 816/1021 million yuan in 2019-2020, corresponding to approximately 18 times the PE, and maintain an “overweight” rating.

Comments: I. The company ‘s announcement is mainly due to the company ‘s proposed wholly-owned subsidiary, Ji’an Mulinsen, a local industrial fund investment holding company, to optimize the company ‘s resistance structure and reduce the company ‘s debt costs. The detailed breakdown is as follows: 1. According to the announcement, the investment is divided into the following:Three steps: (1) Jinlingling Company and Mulinsen Co., Ltd. invested a total of US $ 1 billion in Jinmu Electronics, of which Jinlingling Co. invested 60% to obtain 60% equity of Jinmu Electronics, and Mulinsen Co., Ltd. invested 4% to obtain 40% equity of Jinmu Electronics.

Among them, Jinmu Electronics is a wholly-owned subsidiary of Jinlingling. 100% equity of Jinlingling is held by the Jinggangshan Economic and Technological Development Zone Management Committee. The Jinggangshan Economic and Technological Development Zone Management Committee is the Ji’an Municipal Committee of the Communist Party of China, and the Ji’an Municipal People’s Government.Office-level units.

On behalf of the municipal party committee, the municipal government exercises unified leadership and unified management of party affairs, administration, economic, and social affairs in its area.

(2) Mulinsen shares 2.

63 billion U.S. dollars pledged the registered capital of Ji’an Mulinsen which was not in place.

54 trillion, 1 remaining.

The 099,000 yuan advanced capital reserve, after the first subscription is completed, the target company’s paid-in capital is 16.

1.7 billion.

Among them, Jilin Mulinsen was registered by the company on September 1, 2014, and is mainly engaged in the production of the company’s LED display packages and various types of lighting fixtures, with the goal of becoming a benchmark for intelligent factories.

(3) Jinmu Electronics obtained US $ 1.5 billion in M & A loans by applying for M & A loans from domestic commercial banks.

With the transfer of M & A loans and M & A self-financing funds (1 billion in the first item) in place, according to the transaction price of the target company (Ji’an Mulinsen) determined by the parties, Mulinsen shares transferred their holdings to Jinmu Electronics at zero consideration.51% of the target company ‘s unpaid capital, and the total consideration that Jinmu Electronics needs to pay to the target company for the 51% stake in the target company is RMB 2.5 billion (among which RMB 1 billion is self-financing funds and RMB 1.5 billion is M & A loans)).

Of the 2.5 billion investment made by Jinmu Electronics, 16.

83 million credited to the registered capital of the target company, 8.

17 trillion is included in capital reserve.

2. The profit forecast of the target projects in this agreement and the target parties agree that the target company will hire a third-party auditing agency approved by the acquirer before the end of April 2020, before the end of April 2021, before the end of April 2022, and 2023Prepare and issue the annual Audit Report in accordance with Chinese accounting standards before the end of April.

3. Agreement on exit conditions: 杭州夜生活网 The acquirer has the right (but has no obligation) to request the designated subsidiary of Mulinsen to repurchase the acquirer when any of the following conditions occur (whichever is earlier) (Ji’an Jinmu Electronics)All or part of the target company’s equity held at the time: (1) The audit report issued by the auditing agency approved by the acquirer shows that the target company did not meet the goals agreed in this agreement in the annual year of 2019 to 2022; (2) the target company occurredSignificant adverse changes, after reasonable calculation, have been unable to achieve the goals agreed in this agreement; (3) Audit institutions are unable to issue an audit report at the time specified in this agreement, or issue a qualified audit report on the target company.

And when the acquirer requires Mu Linsen Shares 杭州夜网论坛 to repurchase all or part of the target company’s equity held at that time, it shall send a written notice to Mu Linsen Shares (hereinafter referred to as the “redemption notice”); Mu Linsen Shares shall be redeemed upon receipt of the redemption.Within ninety (90) days after the notice, in accordance with the previously agreed redemption price, raise funds and repurchase all or part of the equity held by the acquirer at that time.

The target company correctly assumes joint and several liabilities for the repurchase obligation of Mulinsen shares.

The repurchase price is 100% of the total capital contribution (total of US $ 2.5 billion) corresponding to the equity held by the acquirer in the target company plus 6 years at that time.

4% simple interest, after deducting the dividends and bonuses accumulated during the investment period.

4. We believe that the company retains Ji’an Mulinsen, which is controlled by the local industry fund, and rediscovers that the company has made active efforts to reduce interest rates and pressure on the company’s compensation costs, and has gradually replaced the local capital’s trust and optimism in Mulinson, so it is willing to implementThe merger agreement further increased capital investment, which helped Ji’an Mulinsen reduce debt pressure and further expand and strengthen.

Second, the company’s announcement responded to the “Notice of a Feedback Opinion on the Review of the Administrative Licensing Project of the China Securities Regulatory Commission”. We selected some of the most important response points for investors, mainly including the improvement of the operation of the headquarters, the profit trend of Mulinson, and the currency in hand.Explanation of funds and overall rejection.

1. Regarding Mulinsen’s headquarters, the operating income is 35.
(1) The revenue of the company’s headquarters in Q2 2019 resumed a year-on-year increase from January to June 2019.

730,000 yuan, a decrease of 12 from the same period in 2018.

05%, of which in the first quarter of 2019 the operating income of Mulin Sen headquarters14.

0.94 million yuan, down 26 every year.

13%; second quarter operating income 20.

79 ppm, an increase of 1 per year.

90%.

The increase in the year-on-year decrease in the operating income of Mulin Sen’s headquarters in the first quarter of 2019 was mainly due to the decline in the average unit price of LED packaging products, which decreased by 24.

48%, the specific reasons include: 1. The decline in the price of raw materials such as chips and the improvement of production processes have reduced the unit cost of SMD LEDs by 29.

60%; 2, the company lost part of the display packaging market share due to a quality accident in 2018, and the company lowered the product price in order to regain and consolidate market share.

In addition, Mullinson’s headquarters optimized product structure in the first quarter of 2019 to reduce fierce competition in some markets and the replacement of low-gross products, which also affected the operating income to a certain extent.

With the gradual elimination of the impact of quality accidents in 2018 and the adjustment of product structure, the sales of Mulinsen’s headquarters in the second quarter of 2019 have steadily picked up, and operating income has achieved leapfrog and quarter-on-quarter growth.
The operating income of Mulin Sen headquarters in the second quarter of 2019 increased by 5 compared with the first quarter of 2019.
850,000 yuan, an increase of 38.78 million yuan from the second quarter of 2018.

In addition, the root cause of the increase in the second quarter is also a factor. The output and operating income caused by the suspension of the Spring Festival holiday and post-holiday employment in the first quarter were relatively reduced. After three months, the number of workers and production capacity gradually recovered.Sales are gradually rising.

(2) The gross profit margin has improved to some extent from 2019Q2, although the operating income of Mulinsen Headquarters in the first half of 2019 decreased by 12.

05%, but the direct impact of quality accidents has been eliminated in advance, the average unit price of main products SMD LED products in the first half of 2019 began to pick up compared with the second half of 2018.

At the same time, the company’s product cost control is better, and the product structure is optimized and adjusted, so the company’s gross profit margin has gradually recovered.

In the first half of 2019, the gross profit margin of the main business of Mulinsen Headquarters22.

57%, an increase of 4 per year.

For the 18 years, the gross profit margin of the main business of Mulinsen Headquarters in the second quarter of 2019 was 24.

98%, an increase of 5.
.

54 averages, gross profit margin is in the process of continuous recovery and recovery.

(3) The net profit after deduction from non-return motherhood is from January to June 2019, and the net profit from deduction from non-return motherhood of Mulin Sen headquarters is 1,882.

440,000 yuan, down 721 from the same period in 2018.

290,000 yuan, of which in the second quarter of 2019, the net profit of Mulinsen’s headquarters after deduction is 6,758.

0.64 million yuan, an increase of 11,634 compared with the first quarter of 2019.

830,000 yuan.

It can be seen that the profitability of Mulin Sen’s headquarters is gradually rising, and the gross profit margin has gradually returned to the normal level in previous years, which is due to the gradual elimination of the impact of quality accidents in 2018, optimization of product structure, strengthening of cost control and expense management.

2. Questions on the currency funds and debts of Mulinsen (1) Explanation of currency funds in hand Mulinson currency funds inflow on June 30, 2019, the company’s currency funds were 52.

US $ 5.6 billion, of which restricted currency funds23.

89 ppm, the balance of the previous fund raising account was 4899.

680,000 yuan, after deducting the above funds, the company’s total disposable capital is 28.

180,000 yuan to support the daily operations of the company.

The company’s restricted currency funds mainly include bank acceptance deposits19.

32 trillion, draft deposit security deposit3.

US $ 8.6 billion, (2) Repayment and Debt Debts As of June 30, 2019, the company has an interest-bearing debt amount of 94.

1.5 billion, of which 78 are interest-bearing debt due within one year.

20,000 yuan, the company plans to raise funds7.

The company’s interest-bearing debt of 8 billion US dollars was repaid. After using the raised funds to repay debt and debt, the company’s asset-liability ratio on June 30, 2019 was 69.

36% to 66.

93%, the overall financial leverage has been reduced.

According to the calculation of 7% cost of funds, it is estimated that the repayment of debts and debt companies can save 54.6 million yuan in financial costs each year, which is conducive to improving the company’s profitability and anti-risk ability, and reducing the pressure on refund payment.

3. Explanation of the profit situation of Landvance (1) The actual net profit of Landvance in the second half of 2017 and 2018 reached the estimated net profit of the restructuring evaluation.

In the first half of 2019, Lande Vance achieved a net profit of 22,000 euros and a net profit of 7,234 thousand euros after deduction, which basically met the performance target.

Third, investment advice: LED IDM integration leader, maintain “overweight” rating Due to the domestic environmental factors and the impact of the trade war, the overall LED market demand is relatively weak, so the overall price pressure is greater.

In this context, the integration of LEDVANCE is gradually improving, and the operation of the headquarters has continued to improve, and the results obtained are not easy.

We believe that Mu Linsen, as the leader of China’s LED industry chain IDM integration, has a prominent industry segmentation. In the future, the improvement of the LED industry demand will be prioritized.

We estimate that the company’s net profit for 2019-2020 will be 816/1021 million yuan, corresponding to about 16 times the PE, and maintain the “overweight” level.

BYD (002594): Rapid growth of new energy vehicles with performance in line with expectations

BYD (002594): Rapid growth of new energy vehicles with performance in line with expectations

The core view performance is in line with expectations.

The company achieved operating income of 1,300 in 2018.

55 ppm, an increase of 22 in ten years.

8%, net profit attributable to mother 27.

80 ‰, 31 years ago.

6%, deducting non-net profit 5.

8.6 billion, 80 in the previous decade.

4%, EPS0.

93 yuan.

It is planned to distribute cash dividends to all shareholders for every 10 shares2.

04 yuan (including tax).

Affected by the expansion of subsidies, gross profit margin declined.

Gross profit margin in 2018 was 16.

4%, a decline of 2 per year.

6 grades, of which the gross profit margin of the car is 19.

8%, ten years ago 4.

5 units.

The company’s 武汉夜生活网 gross profit margins for the four quarters of 2018 were 17 respectively.

1%, 14.

9%, 17.

2% and 16.

3%, the period fee is 12.

7%, down by 0 every year.

6 units.

Net cash flow from operating activities in 2018 was 125.

20,000 yuan, an increase of 90 in ten years.

4%, the improvement is obvious.

The ending inventory was 263.

30,000 yuan, an annual increase of 32.

5%, mainly due to increased demand for automotive business.

The rapid growth of new energy vehicle sales has driven revenue growth.

The automotive business achieved revenue of 760.

07 million yuan, an increase of 34 in ten years.

2%, of which new energy vehicle business income was 524.

22 ppm, an increase of 34 in ten years.

2%, the company’s new energy vehicle sales in 2018 were 24.

80,000 vehicles, an increase of 125 in ten years.

5%, of which new energy passenger car sales reached 22.70,000 vehicles.

In 2019, a number of pure electric vehicles including the new Tang EV, Song EV, and Qin EV will be launched, as well as the built-in plug-in hybrids including the new Song MAX DM, Tang DM, Song DM, and Qin DM.Sales will increase by more than 70%.

The company made an important breakthrough in new energy vehicle technology in 2018 and released IGBT4 in the field of automotive regulations.

0 technology to help the rapid development of new energy vehicle business.

The company continued to promote the external supply of power batteries to create new profit growth points.

In 2018, it signed a cooperation agreement with Changan Automobile to jointly establish a battery factory with an annual output of 10GWH to supply batteries for Changan Automobile.

With the company’s Qinghai base’s ternary lithium battery production capacity fully put into production in 2019, the company will have all 40GWh of power battery capacity, replacing the second internal position, the export of power batteries will gradually become the company’s new profit growth point.

Financial Forecast and Investment Suggestion: Slightly adjust the gross profit margin, and forecast EPS for 2019-2021.

53,1.

79, 2.

01 yuan (original 19-20 years 1).

53,1.

81 yuan), comparable companies are new energy vehicles, power batteries and other related companies. Comparable companies have an average PE evaluation of 39 times in 19 years, with a target price of 59.

67 yuan to maintain the overweight level.

Risk reminder: New energy vehicles, traditional car sales exceed expected risks, new energy vehicle replacement shrinks more than expected risks, government subsidies, etc. are lower than expected, and mobile 合肥夜网 phone parts business is lower than expected risks.

Zoomlion (000157) in-depth report: The prosperity of core products of concrete machinery and lifting equipment continues

Zoomlion (000157) in-depth report: The prosperity of core products of concrete machinery and lifting equipment continues

Key points of investment: The core segment has grown at a high speed and the operating quality has been significantly improved. In the first half of 2019, the company’s two core segments of lifting machinery and concrete machinery achieved operating income of 110.

05 billion, 74.

90 ‰, an annual increase of 94.

8%, 31.

2%.

Long-term companies have strengthened customer assessment and access mechanisms and increased down payment ratios, which has led to rapid contraction of the company’s risk exposure.

In 2017, the company made a large amount of impairment provisions, fully cleared the historical burden, and the company’s financial stability has been significantly improved.

In addition, the company’s accounts receivable and inventory turnover rate continued to rise, the operating cash flow continued to improve, and the company’s operating quality was significantly improved.

  Leading in the market, “National III” equipment eliminates the need to stimulate and update: Zoomlion’s concrete machinery and lifting machinery have a leading position in the market.

In terms of concrete machinery, the company is one of the duopoly of concrete machinery in the world.

In the field of engineering cranes, the company’s market share ranks among the top three in China, and it also overlaps with leading segments in the international market.

In terms of tower cranes, the company’s domestic market share in 2019 is expected to exceed 40%, and it is located in an absolutely leading market area.

With 杭州夜网论坛 the accelerated implementation of the “National VI” standard for heavy-duty diesel vehicles, a large number of “National III” standards of concrete machinery and engineering cranes will be phased out, and the need for the replacement of existing equipment will become the main driving factor for industry growth in the next 2-3 years.

  Prefabricated buildings have generated the demand for large and medium-sized tower cranes; prefabricated buildings have generated the demand for large and medium-sized tower cranes; and the requirements for the number of heavy-duty equipment and large lifting weights.

With the increase in the penetration rate of prefabricated buildings, the demand for large and medium-sized tower cranes in the downstream market has increased rapidly. From 2016 to 2019, Pangyuan leased tower cranes for prefabricated buildings with an annual compound strength of 126%.

According to our calculations, the area of new prefabricated buildings in 2021 is expected to reach 4.
.

700 million square meters, the demand for large tower cranes reached 5.

80,000 units.

At present, the market for large-scale tower cranes is large, and the incremental space is large under the pull of prefabricated buildings. The large-scale tower crane market is expected to achieve leapfrog growth from “0 to 1.”

  Profit forecast and investment recommendations: We estimate that the company’s net profit attributable to its parent in 2019/2020/2021 will be 44.

28/54.

76/62.

69 ppm, corresponding to PE of 2019/2020/2021 is 11.

4/9.

3/8.

1 times.

For the first time, Zoomlion was given an “overweight” rating.

  Risk factors: The growth rate of real estate and infrastructure investment is lower than expected risk; the promotion of prefabricated buildings is lower than expected risk; the speed of replacement of construction machinery is lower than expected risk; the risk of intensified market competition; the risk of raw material prices

Quit smoking and limit alcohol to prevent acute gastritis

Quit smoking and limit alcohol to prevent acute gastritis

Acute gastritis is more common among military officers and soldiers, and it is necessary to correctly identify its cause and take appropriate preventive measures.

Acute gastritis is an acute complication of the gastric mucosa caused by a variety of factors. There are three main causes: first, physical and chemical factors, excessive cold consumption, excessive diet, strong tea, coffee, spirits, irritating condiments, rough foods,Stimulant medicines (aspirin, buta pine, etc.), swallow strong acids, alkalis or other corrosive agents; second, biological factors, eating food containing bacteria and toxins, and prone to acute enteritis; third, endogenous factors, including the whole bodySevere infection, trauma, major surgery, shock, excessive mood swings, fatigue, etc.

  The main clinical manifestations of acute gastritis are: fullness of the upper abdomen, pain, loss of appetite, nausea, and vomiting; acute gastritis caused by bacterial infection is often accompanied by diarrhea, fever, and severe cases of dehydration, acidosis, shock and other symptoms;Erosive gastritis is characterized by sudden gastrointestinal bleeding, vomiting, and melena.

  To prevent acute gastritis, quit smoking and limit alcohol, try to avoid aspirin damage, try to live regularly, avoid irritating, rough, cold, excessive food and overeating, pay attention to diet hygiene, do not eat rot, deterioration, pollutionfood.
You should eat a light liquid food when you are sick, fast if necessary, and actively cooperate with your doctor to prevent chronic gastritis.

Different seeds have health benefits

Different seeds have health benefits

For some people, melon seeds are indispensable.

Sweet or salty watermelon seeds, milk flavor, green tea flavor sunflower seeds, the more fragrant pumpkin seeds, the various flavors of melon seeds are very popular in the roasted meat market.

Common sunflower seeds, watermelon seeds, and pumpkin seeds are similar in nutritional value, but they make a difference in medicinal value.

  Fundamentally, sunflower seeds are not only rich in unsaturated fatty acids and high-quality protein, but also contain potassium, phosphorus, calcium, magnesium, selenium and vitamin E, vitamin B1 and other nutrients, which can prevent excessive plasma and arteriosclerosis.Potassium can protect heart function and prevent high blood pressure.

From the perspective of traditional Chinese medicine, sunflower seeds are flat, sweet, and have phlegm and asthma, liver and wind, and deworming effects. Therefore, it is suitable for people with hyperlipidemia, arteriosclerosis and hypertension, and insomniacs.
  The nutritional value of watermelon seeds and sunflower seeds is almost the same. From a medical point of view, it has the effect of clearing the lungs and removing phlegm, and has auxiliary effects on cough and sputum and hemoptysis.

Watermelon seeds have high-pressure fats, which have a stomach-invigorating and laxative effect. It does not prevent eating some watermelon seeds when there is no appetite or constipation.

  Pumpkin seeds not only taste fragrant, but also contain carotene, protein, and vitamins, B1, B2 and other nutrients needed by the human body, which can relieve mental tension and improve temperature resistance.

Pumpkin seeds are flat and sweet. According to the “Chinese Medicinal Plants Manual”, it can be used to treat swelling of hands and feet and diabetes after delivery.

Pumpkin seeds are rich in zinc and also contain male hormones, which are helpful for the treatment of early prostate hypertrophy and prevent the occurrence of prostate cancer.

Therefore, pumpkin seeds top sunflower seeds and watermelon seeds with their various medicinal values.

  It should be pointed out that it is not advisable to eat too much sunflower seeds at one time, it is advisable not to exceed one or two, in order to avoid causing obesity, getting angry, and sore tongue.

How should an anemic elderly budget

How should an anemic elderly budget

The cause of iron-deficiency anemia is very clear, mainly due to insufficient replacement of iron or low absorption rate of iron in the replacement, which cannot meet the needs of the human body.

Costs must be allocated reasonably for legal iron deficiency anemia: 1.

First, choose foods with high iron content and good absorption and utilization, such as animal liver, animal blood, lean meat, poultry, fish and other animal foods.

The iron contained in these foods is heme iron, which has a high absorption rate.

After eating, iron in food can be directly absorbed and used without being affected by other additional factors.

In addition, there is a “meat factor” substance in meat foods, which can promote the absorption of iron. Human experiments have shown that adding iron to bread, if you do not eat meat, the absorption rate of iron in bread is onlyThere are 2.

1%; if you eat bread and eat some lean meat, the iron absorption rate increases to 6.

3%, three times as much as not eating meat.

The iron contained in plant foods is mainly non-heme iron, which must be reduced to ferrous ions under the action of gastric acid to be absorbed. Therefore, plant foods containing non-heme iron are affected by many other factors.Its absorption constant.

However, a reasonable combination of meat with “meat factors” will increase the absorption and utilization of iron in plant foods.

Therefore, choosing plants with high iron content and increasing absorption is also one of the measures to improve anemia.

The iron content of millet and sorghum in staple food is more than twice that of rice, and the iron content in flour is higher than rice.

Soy and its products also have high iron content.

Vegetables are black, green leafy vegetables have higher iron content than light-colored vegetables such as bamboo shoots.

The deeper the color of vegetables, the more iron content.

Such as black fungus, kelp, shiitake mushrooms, seaweed, black sesame, sesame sauce is rich in iron.

Jujube, longan, raisins, black dates, hawthorn and other iron oxides in nuts.

  It is obvious that milk, which is an animal food, contains compounds that are not good for iron absorption. The iron in the yolk is combined with high phosphoprotein, and the absorption rate is only 3%, which is lower than soybeans and some green leafy vegetables.

Milk itself contains less iron, 100 grams of milk contains only 0.

About 15 millimeters, and lactoferrin affects the absorption of iron, it is rarely used by the human body.

Therefore, the elderly who often drink milk, eat eggs, do not eat meat, green leafy vegetables are unlikely to improve iron deficiency anemia soon.

  2.

Precipitation of anemia elderly also need to pay attention to eat more foods containing vitamin C.

This is because vitamin C forms a complex with iron, which makes it easy to dissolve iron initially and can be absorbed by iron.

It has been tested that after adding iron to corn and oats, different doses of vitamin C are added. As a result, the absorption of iron increases with the increase of vitamin C. Adding 25 mg of vitamin C can increase the absorption of iron by 3 times;100 mg of vitamin C increases by 4.

6 times; adding 200 mg of vitamin C can increase 6.

1 times.

The results prove that vitamin C is beneficial to the absorption of iron.

Of course, in the name, vitamin C fruits instead of vitamin C tablets will have the same effect.

  3.

Do not drink strong tea or coffee.

This is because of the combination of inorganic acids with iron in coffee and tea.

Forms insoluble compounds that are difficult to absorb and use by the body.

  In general, the key to iron deficiency anemia is the reasonable allocation of compensation to ensure compensation balance. When there is sufficient energy and high-quality protein, pay attention to increasing iron substitution and absorption and utilization, improve cooking methods, and treat diseases that cause anemia.Is a comprehensive approach to prevent and treat iron deficiency anemia.

The secrets of women’s footsteps

The secrets of women’s footsteps

Do you want to know if the girl across from you likes herself?

Don’t look at those bright eyes, don’t listen to the crisp laughter, look at her feet.

  The magical “foot language” Professor Jeffrey Betty, head of the Department of Psychology at the University of Manchester, has been studying human “foot language” for decades.

The British “Daily Mail” quoted him on the 3rd to report that we usually pay attention to people’s expressions and gestures, but we don’t notice that our feet “speak” a lot of content. By observing the way a person moves their feet, you can glimpseThis person’s inner world.

  He said that standing in front of a male suitor, if a woman’s one leg is stretched forward, she likes the man; if her feet are crossed or not moving, she is not interested.

But this “footnote” does not apply to men.

  If a man feels nervous, he will increase his foot movement to express this emotion.

Women, on the other hand, keep their feet still if they feel nervous.

  ”Elite” men and women have relatively high leg and foot movements because they like to dominate the conversation process and also control their bodies.

  Extroverts have fewer foot movements, and shy ones move relatively relative.

Arrogant people usually have better control of their bodies and fewer foot movements.

  Whether to lie Observing your feet can also determine whether a person is lying.

If a person’s feet are completely still and they are a little too restful, then he is lying.

  Betty said that many people think that when a person lies, he will increase his movements because of nervousness, but in fact, the liar often sends the completely wrong signal.

“Everyone pays attention to the eyes and face, but people are good at controlling movements (of those parts),” he said, “so a reliable alternative to lying is foot movements.

He imitated that politicians often acted a lot. Former British Prime Minister Tony Blair participated in an election campaign, addressed a group of young mothers, and gestured while talking.

“He said that when Cherie (Blair) was working, looking after children was the most difficult thing he had ever done, and at this point his gestures stopped.

“If we lie, we do suppress what we are doing, including foot movements,” he said.

  Unconsciously Betty said that many people knew that facial expressions and gestures would reveal their minds, but they did not realize that their feet were moving their minds a little bit.

  ”The secret language of the feet reveals our personality traits, perceptions of personality objects, emotions and mental states in a few.

Feet are a magical channel for communicating without language, “he said.

  ”The reason why our feet expose us is probably because they are the body parts with the least feedback,” Betty said. “Most people know what their facial expressions are. They can put on a smile mask and cover their eyes. Some people noticeWhat our own hands are doing; but unless we think about it, we have no idea what our feet are doing.

These fitness men can do at home

These fitness men can do at home

Men may not have time to go to the gym because of their work performance, but they can still do fitness after returning home. Here are the fitness exercises of several men’s homes.

  No.

1 push-ups and chest muscles This action is mainly to exercise the man’s pectoralis major muscles, in the living room or dining area at home, find two separate stools placed one by one, with two hands for support, lean over on it, 12For a group, do three groups.

Remember to do a push-up, you should stretch your cheekbones and make your chest muscles full and shape.

In addition, this action also has the effect of correcting the hunchback.

  No.

2 sitting posture abdomen lifting legs This action is mainly to exercise the abdomen, placed a single stool on the open space in the home, sitting on the top, relying on the strength of the abdomen to lift the legs, to the legs crossed upwards.

  Initially reduce excess fat in the abdomen, making the abdominal muscles strong and perfect.

Each time you raise 15 times, do three groups, and you can take a break in the middle, but it is not too long.

  No.

3 biceps lifter this action mainly exercises the hand.

As long as you sit on a single bench in your home, you can do it, very simple.

Use two unopened mineral water bottles as dumbbells, and raise them in parallel, but remember to make the upper arm close to the main shaft when doing it, and fix the biceps with the strength of the biceps to increase the strength of the hand.

In 15 groups, do three groups.

  No.

4 Guarding the wall and holding a wall, you need to choose a wall at home. While holding the wall, you can slowly squat on the strength of the leg. It is best to take a small object in your hand. You can boil water.Exercise the legs and eliminate the extra aunts in the legs, making the shape of the legs look better.

In 15 groups, do three groups.
  N0

5 lean over the boat back to this exercise mainly to exercise the buttocks, increase the strength does not say, but also reduce the hips slightly, modify the title line.

Choose a hollow station, take two bottles of unopened mineral water, bend the knee slightly, collapse the waist, chest and hips, tilt the force forward to lift the mineral water by hand, and at the same time, shoulders.

In 12 groups, do three groups.

  Prone to stretch the waist: This action mainly exercises the waist.

Lying in bed at home, leaning on the head, and then leaning upwards on the strength of the waist.

To strengthen the waist strength, 15 groups, do three groups.